Cryptocurrency investors are consistently looking for new ways to diversify their cryptocurrency portfolio with coins and tokens that can become a major force within the blockchain industry and provide them with solid returns.Recently, TMS Network (TMSN) has gained much attention from whales who began accumulating it, especially after it quickly completed the first stage of its presale.Ethereum (ETH) and Arbitrum (ARB) investors have begun accumulating this cryptocurrency as a result, and today, we will be exploring why this has been the case.Ethereum (ETH) The Ethereum (ETH) project initially made waves throughout the previous month with the launch of its Shanghai upgrade, a hard fork in which network validators gained the opportunity to withdraw their staked cryptocurrencies.Version 0.8.20 was released of the Solidity programming language, which is the native language used to code smart contracts on top of Ethereum (ETH).
As of May 11, 2023, the Ethereum (ETH) cryptocurrency trades at a value of $1,821.31.In the past 30 days, Ethereum (ETH) decreased value by 5.1%, and the market sentiment is that if it manages to fall under $1,800, it could result in a bearish outlook.As a result, Ethereum (ETH) investors and whales are beginning to diversify with presale-stage projects.
Arbitrum (ARB) The Arbitrum (ARB) ecosystem has been growing, and the project announced the launch of the Prime Protocol mainnet on top of its network.Moreover, Arbitrum (ARB) also announced that their DAO accumulated 3,352 ETH and that the Sequencer will be refunded 5,954 ETH, representing the costs for posting data to the Ethereum (ETH) network.As for the value of the Arbitrum (ARB) cryptocurrency, on May 11, 2023, the altcoin traded at $1.12.In the last two weeks, Arbitrum (ARB) fell by 20%; Analysts believe that if it does not recover, Arbitrum (ARB) could be headed toward a longer-term bearish outlook.
Whales of this altcoin also just began buying the TMS Network (TMSN) token, and we will now go over why this has been the case.TMS Network (TMSN) TMS Network (TMSN) will be a project that can revolutionize the Web3 space by providing access to the first trading platform, on top of which anyone can get a high level of freedom regarding their decision-making process.By using the TMS Network (TMSN), anyone globally will be able to trade any derivative, ranging from stocks, equities, forex, and more, with cryptocurrency payments directly.
No account creation is required to use the TMS Network (TMSN), and all users can just link their wallets and begin trading immediately.Through its implementation of blockchain technology, TMS Network (TMSN) can provide low latency, on-chain analytics, and support for MT4 and MT5 to enable users to connect trading bots and expert advisors.Throughout the current presale period of the project, TMS Network (TMSN) trades at $0.088.There is also currently a 30% bonus that will end on May 12, 2023.By buying the TMS Network (TMSN) token, users will receive access to premium services and a commission fee for every trade made on the platform.
Analysts predict that the token can climb to $2.20 by the end of December 2023, and any interested investor and trader will not want to miss the opportunity to look at this presale project through the usage of the links below before it explodes in value.Presale: https://presale.tmsnetwork.io Website: https://tmsnetwork.io Telegram: https://t.me/tmsnetwork Twitter: https://twitter.com/tmsnetworkio Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice.Conduct your own research by contacting financial experts before making any investment decisions.The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims.Leave a Reply [Cancel reply](/cryptocurrency/tms-network-tmsn-being-accumulated-by-ethereum-eth-and-arbitrum-arb-whales/#respond) Leave a Reply Bitcoin Sleeping Bitcoin Wallet Awakens: $3.7M Worth Of BTC Suddenly Moves After Close To 12 Years Of Dormancy On May 11, 2023, a long-inactive bitcoin wallet sprang to life and transferred a substantial 139.7 bitcoin worth $3.7 million.
The address, established on June 19, 2011, has contributed to the year’s total of 1,125.37 bitcoin moved from dormant 2010 and 2011 wallets.139.7 Bitcoin Worth $3.7 Million Suddenly Moves From Idle Wallet A vintage wallet created on June 19, 2011, suddenly relocated 139.7 BTC, equivalent to $3.7 million at the time of transfer, on Thursday, May 11, 2023.Btcparser.com flagged this activity, which was confirmed at block height 789,291 at 8:14 p.m.(UTC).Shortly before that date — April 24 — the last 2011 bitcoin transfer from a dormant wallet took place and involved shifting 400 BTC at block height 786,801.The wallet that received the 139.7 bitcoin still holds the funds as of May 12, 2023, at 9:00 a.m.(ET).
Throughout this year, inactive wallets from both 2010 and 2011 have collectively transmitted a whopping 1,125.37 BTC valued at around $30 million under current Bitcoin exchange rates.The address responsible for dispatching the aforementioned 139.7 BTC initially received a slightly smaller sum of 134.669 BTC back on June 19, 2011.By July 13 of the same year, it accumulated another batch of coins — 5.04 BTC — followed by several minuscule deposits referred to as “dust transactions” amounting to roughly 0.547 BTC each.The recent transaction involving the transfer of 139.7 BTC received a moderate privacy score of 45 out of 100 according to Blockchair’s privacy-o-meter tool.It faces two issues: its entire balance was communicated to another address and multiple iterations of the same address appeared in inputs.These issues are not severe but they can be traced by monitoring applications examining linked transactions.Additionally, the corresponding bitcoin cash (BCH) associated with the wallet has not been spent.
Tags in this story Bitcoin, Blockchain, crypto resurgence, Cryptocurrency, decentralized finance, Digital Assets, dormant addresses, dormant wallets, financial mysteries, Market Trends, vintage wallet, wealth transfer What do you think about the long-dormant bitcoin wallet that woke up after close to 12 years of slumber? Share your thoughts about this subject in the comments below.Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida.
Redman has been an active member of the cryptocurrency community since 2011.He has a passion for Bitcoin, open-source code, and decentralized applications.
Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.Image Credits: Shutterstock, Pixabay, Wiki Commons, Blockchair Disclaimer: This article is for informational purposes only.It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies.Bitcoin.com does not provide investment, tax, legal, or accounting advice.
Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.Cryptocurrency Florida Declares Ban on CBDCs as Governor Signs Legislation to Outlaw the Use of CBDC In a landmark move that marks a significant milestone in the United States’ digital currency landscape, Florida has officially outlawed Central Bank Digital Currencies (CBDCs).Governor Ron DeSantis signed the unprecedented legislation into law today, establishing Florida as the first US state to take such a decisive stance on the use of CBDCs.On Friday, Florida’s Governor, Ron DeSantis, put pen to paper on bill HB 7049, effectively outlawing any Central Bank Digital Currency (CBDC) sanctioned by the U.S.from use within the state of Florida.The legislation blocks the utilization of a federally endorsed CBDC as a recognized form of currency under Florida’s Uniform Commercial Code (UCC).It further fortifies safeguards against a centralized global currency by disallowing any CBDC from a foreign reserve or approved central bank.Moreover, the bill encourages other states with similar viewpoints to consider enacting comparable laws.
Florida’s 46th governor, known for his outspoken views, has frequently expressed his concerns about potential severe pitfalls that could accompany a government-regulated digital currency.Accordingly, in March this year, DeSantis unveiled new legislation aiming to prohibit the use of such government-sanctioned digital currencies.The Florida House of Representatives has shown strong support for the anti-CBDC bill SB 7049, passing it with a near-unanimous vote of 116-1.This endorsement follows the Florida Senate’s approval a week earlier, which recorded a majority of 34-5.Governor DeSantis has consistently criticized CBDC initiatives and has affirmed Florida’s stand against the incorporation of “woke politics.” Given his strong sentiments and the fact that he requested the bill’s creation in March, it comes as no surprise that he would sign the legislation.DeSantis said: “Once they then have the ability to run a central bank digital currency, they’re going to be able to have the window into what you’re doing with the money and have the ability to control where that money is going.” US Witnesses a Slowdown in CBDC Specifically, the bill aims to outlaw the recognition of any CBDC as a form of legal tender under the Florida Uniform Commercial Code.Besides this, the bill establishes protective measures to shield the state from any external pressures to adopt a central currency.Furthermore, Governor DeSantis has called upon other state governments within the United States to collaborate in introducing comparable laws.
“The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control,” said DeSantis in a press release when the bill was first introduced.DeSantis suggested that a CBDC under federal control would provide government authorities with visibility into all consumer activities, potentially even allowing them to restrict access to goods and services.
He emphasized that the CBDC could lead to an enormous shift of power from individual consumers to a central authority, a concept he considers fundamentally at odds with a free society.Was this writing helpful? No Yes Shayan Chowdhury Shayan is a digital nomad and a professional journalist.He delivers high-quality engaging articles to Coinpedia through his in-depth research and analysis.Bitcoin (BTC) investors have been closely monitoring the cryptocurrency market in recent days due to Bitcoin’s significant drop in price.The market’s largest cryptocurrency has shown a downtrend in its price action and has lost its key support level at $27,200, which was previously noted by the 50-day moving average (MA).Despite the bearish trend, trader and analyst Ali suggests that there may be some hope for bulls.
Though the market is currently in a state of decline, Ali believes that there is still a chance for BTC to experience a reversal shortly.Ali points to the TD Sequential indicator on the Bitcoin 4-hour chart, which has shown a buy signal.In addition, a bullish divergence is developing on the Relative Strength Index (RSI), indicating a potential reversal shortly.
Bitcoin has been experiencing a period of volatility, with the cryptocurrency facing a strong resistance level at $28,000 in the past few days, following the release of the Consumer Price Index (CPI) rates by the Federal Reserve (Fed).Although trader and analyst Ali believes that if Bitcoin can hold above the $26,000 support level, there could be an upswing to either $26,860 or $27,570.On the other hand, Ali suggests that if Bitcoin fails to hold above the $26,000 level, it could trigger a further drop to $25,200.However, there is some good news for Bitcoin bulls, as the 200-day moving average (MA) is currently placed at $24,700.This level could potentially act as a crucial threshold for BTC, serving as a bottom line for the cryptocurrency in the short term.
Bitcoin And Crypto Market Vulnerable To Short Squeeze? According to the latest report by the Singapore-based digital asset trading firm, QCP Capital, this week’s sell-off has caused Bitcoin to fall through the head and shoulders trendline, but a close below $26,500 is still preventing a larger breakdown.Additionally, Bitcoin has a negative divergence on momentum indicators, leading QCP Capital to be biased towards a near-term break lower, potentially to the $25,000 mark and then to the $20,000-$22,000 level.Despite this, QCP Capital views the lower level of $20,000-$22,000 as a high-conviction medium-term buy zone.The firm has even sold physically settled puts at this level before, indicating its confidence in the cryptocurrency’s long-term prospects.
Related Reading: Key Support Levels To Monitor As Ethereum Price Slows Down Furthermore, according to Chart 3 in the report, as seen below, an increase in volatility has historically led to a strengthening of the USD and a weakening of risk assets such as BTC.The report notes that while the outcome of the current political drama in Washington is uncertain, the market’s response in terms of implied volatility across assets will be key in determining the next trend direction.The report also suggests that a sharp increase in volatility could lead to a move lower for BTC and other risk assets.This could be a concern for investors who have seen BTC reach new annual highs in 2023.However, volatility can create opportunities for traders who can navigate the market’s ups and downs.As of this writing, the largest cryptocurrency in the market, BTC, is currently trading at $26,300, down by 2.1% in the last 24 hours.Top posts Uncategorized48 mins ago Bitcoin, Ethereum Technical Analysis: BTC Rebounds From 2-Month Low, As Bulls Enter The Market Bitcoin bounced back from a near two-month low on Saturday, as bulls moved in to buy the recent dip in…
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